Product Warranty

12 Months Ended

Dec. 31, 2012

Product Warranties Disclosures [Abstract]

Product warranty

PRODUCT WARRANTY

The changes in the carrying amount of the Company’s total product warranty liability for the years ended December 31, 2012 and 2011 were as follows:

(millions of dollars)	2012			2011
Beginning balance, January 1	$	72.7		$	66.8
Acquisition	—			4.5
Provisions	33.7			47.5
Payments	(42.8		)	(43.5		)
Translation adjustment	1.3			(2.6		)
Ending balance, December 31	$	64.9		$	72.7

The product warranty liability is classified in the Consolidated Balance Sheets as follows:

	December 31,
(millions of dollars)	2012		2011
Accounts payable and accrued expenses	$	33.1	$	38.6
Other non-current liabilities	31.8		34.1
Total product warranty liability	$	64.9	$	72.7